PUBLISHER: Guidehouse Insights | PRODUCT CODE: 1249908
PUBLISHER: Guidehouse Insights | PRODUCT CODE: 1249908
The commercial heating, ventilation, and air-conditioning (HVAC) market has grown continuously as heating and cooling technologies advance. Looking forward, market stakeholders, including manufacturers, engineers, and service providers, have several growth opportunities. Among them are the increasing demand for heating and cooling in emerging regions and the number of aging commercial buildings with obsolete HVAC equipment. The IEA reports that by 2030, nearly 20% of the existing building stock will require renovation to reach zero-carbon emissions. Since no one solution will accommodate all regions worldwide-for either residential or commercial HVAC-industry stakeholders must consider regional-specific solutions. Additionally, they must consider multiple sustainable heating and cooling solutions that will accommodate global decarbonization efforts and adapt them to each region and to the building types within those regions.
This report reviews the different commercial HVAC solutions for heating and cooling and provides forecasts for the ten-year period between 2023 and 2032, segmented by technology and five geographic regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Global market revenue for commercial HVAC is anticipated to grow from $51.7 billion in 2022 to $66.6 billion in 2031 at a CAGR of 2.8%. Asia Pacific is expected to be the largest market throughout the forecast period, growing at a CAGR of 3.0%. North America is anticipated to be second (2.9% CAGR), and Europe is expected to be third (2.8% CAGR). Latin America and Middle East & Africa will likely show smaller, but steady growth.
Competitive Structure
Technology Segment
Conceptual Approach of an Outdated HVAC Upgrade
Investment Structure for a Special Purpose Vehicle
How a Thermally Driven Heat Pump Works
System Diagram of Blue Frontier Rooftop Unit
High Level Overview of HVAC in Commercial Buildings Industry Value Chain